Century 21 Real Estate LLC is a globally recognized residential and commercial real estate franchise. It was founded in 1971 in Santa Ana, California, by Art Bartlett and Marsh Fisher.
Today, the company is headquartered in Madison, New Jersey. Century 21 began franchising shortly after its founding and experienced rapid growth throughout the 1970s and 1980s.
The brand now operates in more than 86 countries, with approximately 14,250 independently owned and operated offices and over 147,000 affiliated sales professionals. It provides real estate brokerage services, including residential, luxury, commercial, and international property transactions.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Century 21 provides several structured training opportunities to help franchisees successfully operate their offices and integrate into the CENTURY 21® System.
Century 21 grants a limited territory protection to franchisees, specifically a "protected area" defined as a ¼-mile radius from the franchisee's office location. This protection means no other Century 21 franchisee will be granted a location within that radius.
However, this does not prevent other franchisees from seeking clients or listings in the same market, nor does it stop Century 21 from using alternative sales channels like the internet.
Although the franchisee has a localized area where no other physical franchise can be opened, the protection is not absolute. Century 21 reserves the right to allow other franchisees or company-owned operations to compete within the broader area outside the protected radius.
KEY FRANCHISE STATS
All you need to know about this franchise
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Below are some of
Century 21 Real Estate
key competitors in the
Broker/Realtor
sector.
1734
$25,000
$116,000
$466,000
n.a.
$0
$xxx,xxx
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The Agency
$100K - $200K
42
$47,500
$120,000
$856,000
n.a.
$0
$xxx,xxx
n.a.
n.a.
n.a.
n.a.
1 Percent Lists
Under $25K
30
$15,000
$23,000
$59,000
n.a.
$0
$xxx,xxx
n.a.
n.a.
n.a.
n.a.
PropertyGuys.com
Under $25K
4
$20,000
$22,000
$81,000
n.a.
$0
$xxx,xxx
n.a.
n.a.
n.a.
n.a.
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